Cyprus GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

The seasonally adjusted GDP in Cyprus advanced 2.9 percent year-on-year in the third quarter of 2016, following an upwardly revised 2.8 percent expansion in the previous period and in line with preliminary estimates. Net trade contributed positively, as exports were up 7.6 percent (-3.7 percent in Q2) and imports increased 2.7 percent (+15.1 percent in Q2). Meantime, government expenditure fell less (-1.2 percent from -2.1 percent in Q2) while household spending increased at a slower 3.8 percent (+4 percent in Q2) and gross capital formation contracted 3.7 percent (+136.6 percent in Q2, led by investments in real estate activities). On a quarterly basis, the economy advanced 0.7 percent, compared to 0.9 percent growth in the prior period. GDP Annual Growth Rate in Cyprus averaged 2.11 percent from 1996 until 2016, reaching an all time high of 6.30 percent in the second quarter of 2000 and a record low of -6.90 percent in the second quarter of 2013.

Cyprus GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-08 09:00 AM Q2 2.7% 2.7% 2.7% 2.7%
2016-11-15 10:00 AM Q3 2.8% 2.6% 2.9%
2016-12-09 10:15 AM Q3 2.9% 2.8% 2.8% 2.8%
2017-02-14 10:00 AM Q4 2.9% 2.8%
2017-03-10 10:00 AM Q4 2.8%
2017-05-15 09:00 AM Q1 2.6%




Cyprus GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.90 2.50 -2.10 percent [+]
GDP Annual Growth Rate 2.90 2.80 6.30 -6.90 percent [+]
GDP 19.32 23.23 27.49 0.49 USD Billion [+]
GDP Constant Prices 3964.50 3889.20 4218.00 2522.40 EUR Million [+]
Gross National Product 17420.60 16896.00 18054.50 6924.70 EUR Million [+]
Gross Fixed Capital Formation 519.27 1050.80 1407.00 -6064.00 EUR Million [+]
GDP per capita 27787.81 26977.63 32651.91 7618.12 USD [+]
GDP per capita PPP 30309.63 29452.89 35781.20 23319.14 USD [+]
GDP From Agriculture 69.70 72.30 101.60 49.50 EUR Million [+]
GDP From Construction 156.70 119.30 409.70 101.80 EUR Million [+]
GDP From Manufacturing 178.35 192.68 262.72 178.35 EUR Million [+]
GDP From Mining 252.30 286.50 350.40 252.30 EUR Million [+]
GDP From Public Administration 350.22 314.96 350.22 135.41 EUR Million [+]
GDP From Services 905.02 1039.20 1107.40 602.36 EUR Million [+]



Cyprus GDP Annual Growth Rate Notes

Services including tourism, financial services, and real estate are considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. Industry accounts for only 10 percent and agriculture for 2 percent. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP. This page provides - Cyprus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.80 6.30 -6.90 1996 - 2016 percent Quarterly
SA, WDA



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